US senator says he would buy Bitcoin over gold with spare funds

Pro-cryptocurrency U.S. Senator Bernie Moreno said in an interview with CNBC that while he does not currently own any crypto, he would buy Bitcoin instead of gold if he had spare funds. According to Wu Blockchain, he added that although Bitcoin is volatile, investments should be viewed from a long-term perspective. Regarding claims that stablecoins threaten the U.S. dollar, Moreno argued they could significantly increase demand for U.S. Treasurys, potentially saving hundreds of billions of dollars in debt annually. He warned that if the United States fails to seize this opportunity, the center of innovation will shift elsewhere.